Obama and the Counterrevolution

Just before the 2008 presidential election, Barack Obama said, "We're five days away from the fundamental transformation of the United States." Immediately after he became president, Obama began fulfilling that prediction. Five-and-one-half years later, the U. S. is well on the way toward becoming a European-style welfare state, just as some European countries -- the latest being Holland -- are moving away from hideously expensive welfare-state programs. The central government's budget consumes almost a quarter of the nation's Gross Domestic Product, and ObamaCare means government takeover of another one-sixth of our economy. Add state and local government spending to Washington, DC's outlays, and the percentage of GDP now going to the public sector tops 40. Once ObamaCare fully kicks in, well over half of America's GDP will go in to the public till. The U.S. national deficit is over $17 trillion, which is a tad more than 100% of GDP. (If Congress votes to increase the national debt...(Read Full Article)

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